McDonald's set for weak sales growth as US fast-food chains grapple with muted traffic [Reuters]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Reuters
April 29 (Reuters) - McDonald's is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food chains battle to lure them with value menu items. The burger giant will report first-quarter results on Tuesday, kicking off earnings for U.S. restaurant chains, with top players such as Starbucks and KFC-parent Yum Brands set to report results later in the week. "We expect traffic to continue to be negative and believe the average check will remain under pressure from the heavy discounting to recover lower-income consumer traffic," BTIG analyst Peter Saleh said. McDonald's has leaned on its Dollar Menu, offering items in the $1, $2, $3 price points to lure in diners on a budget, while this month offered some items for just a dollar on orders placed via apps. Taco Bell also launched a new Cravings Value Menu for some burritos and tacos at $3 or less in January. THE CONTEXT After a slow s
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form 4
- SBUX's page on the SEC website